Fiserv (NYSE:FI) Cut to “Hold” at TD Cowen

TD Cowen cut shares of Fiserv (NYSE:FI) from a buy rating to a hold rating in a research report report published on Thursday, Marketbeat.com reports. They currently have $80.00 price target on the business services provider’s stock.

Other research analysts have also recently issued research reports about the stock. Monness Crespi & Hardt upgraded shares of Fiserv from a “sell” rating to a “neutral” rating in a research note on Monday, July 21st. William Blair cut shares of Fiserv from an “outperform” rating to a “market perform” rating in a research note on Wednesday. KeyCorp reissued an “overweight” rating and issued a $145.00 price target on shares of Fiserv in a report on Wednesday, October 22nd. Barclays set a $175.00 price target on shares of Fiserv and gave the company an “overweight” rating in a report on Monday, July 28th. Finally, B. Riley lowered shares of Fiserv from a “buy” rating to a “neutral” rating in a report on Wednesday. Eleven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $131.95.

Fiserv Stock Performance

NYSE:FI opened at $66.57 on Thursday. Fiserv has a 1 year low of $64.52 and a 1 year high of $238.59. The firm has a 50 day moving average of $126.20 and a 200-day moving average of $151.35. The company has a current ratio of 1.08, a quick ratio of 1.09 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $36.19 billion, a P/E ratio of 10.29, a price-to-earnings-growth ratio of 0.56 and a beta of 0.95.

Fiserv (NYSE:FI) last posted its earnings results on Tuesday, March 26th. The business services provider reported $1.91 earnings per share (EPS) for the quarter. Fiserv had a net margin of 17.05% and a return on equity of 19.47%. The company had revenue of $4.32 billion during the quarter. As a group, sell-side analysts anticipate that Fiserv will post 10.23 EPS for the current fiscal year.

Institutional Trading of Fiserv

Institutional investors have recently bought and sold shares of the business. Activest Wealth Management grew its holdings in Fiserv by 3,150.0% during the 1st quarter. Activest Wealth Management now owns 130 shares of the business services provider’s stock worth $29,000 after acquiring an additional 126 shares during the period. Abound Financial LLC acquired a new stake in Fiserv during the 1st quarter worth $38,000. Hager Investment Management Services LLC acquired a new stake in Fiserv during the 2nd quarter worth $34,000. Clear Street LLC acquired a new stake in Fiserv during the 2nd quarter worth $34,000. Finally, Christopher J. Hasenberg Inc grew its holdings in Fiserv by 218.5% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 207 shares of the business services provider’s stock worth $36,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

About Fiserv

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.